26 Aug 2015
RBA's Stevens spoke at the National Reform Summit
FXStreet (Guatemala) - RBA's Stevens has hit the wires speaking at the National Reform Summit and stresses higher incomes and well being and growth is reform. He said the questions e should be asking is, "How do we get more sustainable growth?"
He said:
"Maybe potential growth is a bit lower than thought."
"There has been growth but not enough and more capable."
"Growth rates are not enough despite lower interest rates in any of our life times."
"Measures of consumer confidence are about average despite gloom in papers."
"Maybe just a feature of the world financial crisis and change of demographics, - we can't know."
AUD/USD was offered into the summit and has been testing the 0.71 handle support between 0.7096/13.
He said:
"Maybe potential growth is a bit lower than thought."
"There has been growth but not enough and more capable."
"Growth rates are not enough despite lower interest rates in any of our life times."
"Measures of consumer confidence are about average despite gloom in papers."
"Maybe just a feature of the world financial crisis and change of demographics, - we can't know."
AUD/USD was offered into the summit and has been testing the 0.71 handle support between 0.7096/13.